Real estate investments are excellent ways to establish wealth and enjoy earnings in both the short term (recurring and consistent rental income) and the long term (property appreciation and equity). You also enjoy a myriad of tax breaks and benefit from having your tenants pay down the mortgage you might have taken in order to invest.
When you buy rental homes, you’re participating in one of the most profitable financial investments anyone can make. With numerous options available in different regions, it can be a challenge for investors to decide where to put their money and which opportunities to pursue.
If you have not already considered the market we’re talking about today, it might be time to learn more about the city of Atlanta and why it has become a significant hotspot for real estate investment in recent years.
As property managers in Atlanta, we have seen investors grow locally, and we’ve also noticed that there’s a lot of interest in this market from investors from out of state and even out of the country.
Let’s explore the various advantages of investing in Atlanta’s real estate market and the opportunities that are available.
Atlanta’s Strong Economy and Employment Opportunities
One of the easiest reasons to understand the allure of investing in Atlanta’s real estate market is the city’s strong economy and employment opportunities. Atlanta is one of the fastest-growing major metropolitan areas in the United States. Population has been trending up for the last decade, and it has especially spiked in the last few years.
In Atlanta, investors will find several Fortune 500 companies as well as local businesses and entrepreneurs. The city is known for its thriving business community and its established industries. With a growing number of job opportunities every year, Atlanta has become a hotspot for young professionals and families who are moving to the city. The opportunities here combined with the lower comparative cost of living has also drawn remote workers, retirees, and people who are moving out of more expensive cities in search of better housing and a higher quality of life.
Atlanta’s population growth is a trend that has boosted the demand for housing, making it an ideal place for real estate investments. Investors can count on a solid pool of well-qualified tenants and the promise that vacancy and turnover rates will remain low.
Atlanta’s Affordable Housing Market
Another advantage to investing in Atlanta’s real estate market is that investors are likely to find the point of entry far more affordable than in other cities along the east coast. You’ll spend less on an investment property here than you would spend in New York, Boston, or Miami. Compared to other major metropolitan areas in the U.S., Atlanta offers lower home prices. This is attractive to real estate investors who want to acquire properties at a lower price.
Even still, home values are rising. There’s room for appreciation in this market, and that means good things for the future of your property value and that of your entire portfolio.
Affordable housing and high quality of life contribute to a robust rental market in Atlanta.
There is always a high demand for rental properties in Atlanta, and if you’re renting out a home that’s well-maintained and in a desirable location, you can expect to earn high rents and attract great residents. This demand has resulted in a strong and robust rental market that provides high rental yields for investors. Real estate investors can invest in rental properties and earn a steady stream of passive income. As long as you keep your property occupied and you continue to make improvements and upgrades that increases its value, immediate returns and positive cash flow are possible.
Atlanta’s Diverse Mix of Neighborhoods and Property Types
Atlanta is a diverse city with a mix of neighborhoods that offer a wide range of housing options and lifestyles. This also contributes to the growing population and the excitement people feel about moving into the area.
Whether you’re hoping to invest in suburban neighborhoods or more urban areas, you can easily find a property and a neighborhood that suits your investment goals and preferences. Atlanta neighborhoods like Buckhead, Midtown, and Virginia Highland have become hotspots for real estate investment in recent years. Investors can find single-family homes, condos, townhouses, and multi-family properties in these neighborhoods.
Consider the value of diversifying what you own. It’s possible to assemble a growing portfolio of diverse property types right here in Atlanta and the surrounding areas. You can buy new construction homes in gated communities, condos in an established community, small apartment buildings, or even commercial properties throughout the city. Investors have tried short term vacation rentals as well as long term residential leases.
Be open. Atlanta allows you to stay committed to your investment goals while considering new options that diversify and strengthen existing investment portfolios.
Pro-Business Environment and Landlord-Friendly Laws
Atlanta is known for its friendly, pro-business environment, and that’s another reason investors are so happy to establish themselves here. In Atlanta, investors and business owners will find numerous incentives and tax credits, making it a top spot for entrepreneurs and corporations.
The rental laws are also favorable to landlords. While there are still strict requirements around habitability, fair housing, security deposits, and preventing discrimination, real estate investors don’t have to worry about extensive tenant protections or rent control.
Atlanta’s real estate market is getting a lot of attention from investors, and for good reason. With a strong economy, affordable housing market, diverse mix of neighborhoods, robust rental market, and pro-business environment, investing in Atlanta’s real estate market offers excellent opportunities to earn passive income and build wealth. If you’re a real estate investor looking for a profitable investment option, Atlanta’s real estate market is definitely worth considering. We’d love to tell you more about it. Please don’t hesitate to contact us at Silas Frazier Realty with any questions.
Silas Frazier Realty serves rental property owners in Atlanta, Snellville, Stone Mountain, Lilburn, Conyers, Smyrna, Marietta, Lithonia, Jonesboro, McDonough, Vinings, Brookhaven, and Tucker.
